Essay --

Recently, the topic of oil consumption and production has been thrust onto the world stage. As demand for oil increases internationally, the role of major producers will change dramatically. As a representative of Saudi Arabia, I will offer my position on these topics, and I will represent the views of my nation as clearly as possible. The first topic I’d like to address is OPEC’s control on global oil production, supply, and pricing. Right now, OPEC member nations control nearly 81% of crude oil reserves, compared to 19% of non-OPEC member nations (EIA.gov). Because we control such a large percentage of the total amount oil reserves in the world, we can effectively control prices through production. If we decrease production, prices rise, and if we increase production, prices fall. As a representative of both Saudi Arabia and OPEC as a whole, I believe that our control over world oil production and supply is both justified and correct. My country in particular controls nearly 1/5 of total world oil reserves, and acts as the largest exporter and producer of petroleum (EIA.gov). Therefore, we should have a significant amount of control over world oil prices, because we control such a large percentage of world oil reserves. We should be able to essentially control international oil prices, and cut off supply to any country we see fit. On the topic of our cooperation with OPEC, the current member nations need to reorganize and reassess our goals. Although we have set oil production allocations for each nation to ensure price stability and adequate supply, nations like Iran and Iraq have skewed production due to their unstable oil output and refusal to adhere to production quotas. In terms of my country’s position on non-OPEC produ... ...my, because OPEC has such a large influence on world oil supplies. Therefore, although Iraq and Iran have, in the past, taken action contrary to OPEC policy, we have to continue cooperating with them. These points of opposition against my country, although they may be justified, do not take into account Saudi Arabia’s political and economic situation. Because of this, they are short-sighted and unreasonable. At this conference, we hope to resolve outstanding foreign relations issues with countries around the world to both ensure continued oil exports and stable oil prices. We will not, however, make any concessions in terms of oil production and greenhouse gas emission, as any decrease in production would stunt our economy growth. Hopefully, we will be able to achieve our goals of mending foreign relations issues while sustaining our control over world oil prices.